LOADING

403 Peach Tree Lane Ottawa, Ontario K1K 2R7

None Baseboard Heaters, Forced Air Land / Yard Lined With Hedges

$1,369,000

Turnkey triplex with significant upside. An additional third floor can be added under the current zoning and drawings for three additional bachelor units have been completed. The flat roof allows you to easily convert the property into a Legal 6plex. As is: The Upper Level 4-bedroom unit is renting for $2800, the 4 bedroom unit on the main level is renting for $2400, and the three-bedroom basement unit is renting for $2200 per month. Additional $275 per month of revenue from parking and laundry. Utilities are not included. Property currently has a cap rate of 5.27%. Perfect investment opportunity for growth-minded buyers. Construction services can be provided for those interested in adding the 3 units. Permits have been submitted for the 3 additional units. 24 hrs notice for showings due to tenants & 24 hrs irrevocable on all offers; as per form 244. Additional inclusions: 2 light fixtures in the basement. (id:50886)

Property Details

MLS® Number 1418857
Property Type Multi-family
Neigbourhood Viscount Alexander Park
AmenitiesNearBy Public Transit, Recreation Nearby, Shopping
CommunityFeatures Family Oriented
ParkingSpaceTotal 5

Building

BasementDevelopment Finished
BasementType Full (finished)
ConstructedDate 1959
ConstructionStyleAttachment Attached
CoolingType None
ExteriorFinish Brick
FlooringType Hardwood, Laminate
HeatingFuel Natural Gas
HeatingType Baseboard Heaters, Forced Air
StoriesTotal 2
Type Triplex
UtilityWater Municipal Water

Parking

Surfaced

Land

Acreage No
CurrentUse Development Residential
FenceType Fenced Yard
LandAmenities Public Transit, Recreation Nearby, Shopping
LandscapeFeatures Land / Yard Lined With Hedges
Sewer Municipal Sewage System
SizeDepth 99 Ft ,10 In
SizeFrontage 55 Ft ,11 In
SizeIrregular 55.94 Ft X 99.87 Ft
SizeTotalText 55.94 Ft X 99.87 Ft
ZoningDescription Ru4a

https://www.realtor.ca/real-estate/27607959/403-peach-tree-lane-ottawa-viscount-alexander-park

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Zach Neilson
Salesperson


Rare Real Estate Inc.
3713 Borrisokane Rd
Ottawa, Ontario K2J 4J4

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